PSD Bank Braunschweig

What PSD Bank Braunschweig does

PSD Bank Braunschweig eG is a cooperative direct bank (eingetragene Genossenschaft) headquartered at Altstadtmarkt 11 in Braunschweig, Germany, founded in 1872 and operating under the PSD Bank brand within the broader German cooperative banking sector. The bank's primary segment is private customers (Privatkunden), served through digital channels (PSD OnlineBanking and the PSD Banking-App), online appointment-based personal advisory, and a digital branch (Online-Geschäftsstelle); a secondary Firmenkunden section indicates business-customer ambition, though product depth for that segment is thinly documented in the public material. The core product suite comprises transaction accounts (PSD GiroSmart, PSD Girokonto, PSD Basiskonto), term and growth savings products (PSD Sparbrief, PSD ZinsSprint, PSD Wachstumssparen), real estate and consumer credit (PSD BauGeld, PSD ZukunftsKredit), the Wero instant payment rail, and a cooperative membership product, with insurance, funds, and consumer credit supplied through white-label partnerships with R+V Versicherung, Union Investment, TeamBank (easyCredit) and Bausparkasse Schwäbisch Hall.

The business model relies on net interest income from deposits and the in-house mortgage and consumer-loan book, complemented by distribution fees and partner economics on insurance, investment funds, consumer credit, and building society products; pricing is not publicly disclosed and is characterized in the source as "fair" cooperative terms tied to membership rather than profit maximization for external shareholders. Underlying technology is largely delivered through the Atruvia cooperative-banking platform (asset paths under atruvia.scene7.com confirm this shared infrastructure), supporting standard digital-banking features (24/7 self-service, card controls, document access, loan origination) and real-time payments via Wero. No proprietary AI/ML capabilities, API surface, SDK, or developer ecosystem are disclosed in the input data.

Operationally the bank is active and stable, with no disclosed M&A, funding, leadership transitions, or restructuring events; geographic focus is regional across Lower Saxony. The cooperative ownership structure (member-owned, no external shareholders, deposit-insurance-protected up to €100,000) is the principal governance and funding characteristic distinguishing PSD Bank Braunschweig from listed or PE-backed competitors, and it constrains both the pace of growth and the appetite for capital-markets-style strategic moves.

Name

PSD Bank Braunschweig

Legal name

PSD Bank Braunschweig eG

Website

https://psd-braunschweig.de

Company type

Private

Founded year

1872

Operating status

Operating

Short description

PSD Bank Braunschweig eG is a regional cooperative direct bank serving private customers in the Braunschweig/Lower Saxony area of Germany through PSD OnlineBanking and the PSD Banking-App, offering current accounts, savings, real-estate and consumer credit, and partner-distributed insurance and investment products.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

Keywords

• Retail banking services
• Cooperative banking
• Savings accounts
• Consumer lending
• Real estate financing

Headquarters

HQ city

Braunschweig

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Marketing or Sales, Technology or R&D

Distribution channels4 records

Marketing channels5 records

Core offering

PSD Bank Braunschweig eG is a cooperative direct bank offering current accounts, savings and investment products, consumer and home financing loans, and digital banking services (PSD OnlineBanking, PSD Banking-App with Wero instant payments) to private customers in the Braunschweig region. The bank also enables access to insurance, investment funds, building savings, and consumer credit through partnerships with R+V Versicherung, TeamBank, Union Investment, and Bausparkasse Schwäbisch Hall.

Product overview

PSD Bank Braunschweig eG is a cooperative direct bank providing a comprehensive suite of banking products and services for private customers. The core offering includes digital banking through PSD OnlineBanking and the PSD Banking-App, along with various savings products (PSD Sparbrief, PSD ZinsSprint, PSD Wachstumssparen), lending solutions (PSD ZukunftsKredit, PSD BauGeld), and transaction accounts (PSD GiroSmart, PSD Girokonto, PSD Basiskonto). The bank also offers instant payment capabilities through Wero, and membership benefits as a cooperative institution.

Differentiator

Problem solved

Functional benefit

Brands

• PSD Banking-App: Mobile banking application for digital banking services including Wero payment functionality
• Wero
• PSD OnlineBanking
• PSD GiroSmart
• PSD Sparbrief
• PSD Wachstumssparen
• PSD ZinsSprint
• PSD BauGeld
• PSD ZukunftsKredit

Products and services

• PSD GiroSmart Fully digital current account enabling customers to manage their finances online, including all standard banking operations. Targeted at private customers seeking a digital-first checking account.
• PSD Girokonto Current account for everyday banking transactions and payments for private customers.
• PSD Basiskonto Basic payment account that allows wire transfers, cash deposits and withdrawals, and online banking features. Designed to provide essential banking access for private customers.
• PSD Sparbrief Savings bond product that generates returns on invested capital over a fixed term for private customers.
• PSD ZinsSprint Fixed-term investment product with guaranteed interest rates throughout the entire investment period, protecting against interest rate fluctuations. Aimed at private customers seeking stable returns.
• PSD Wachstumssparen (Wachstumsgeld) Growth savings product designed for capital accumulation with favorable interest conditions. Targeted at private customers building long-term savings.
• PSD ZukunftsKredit Future-oriented consumer loan for financing improved living quality or sustainability investments, available for online requests. Targeted at private customers.
• PSD BauGeld Real estate financing loan offering constant loan installments throughout the entire credit term, with online financing request capability. For private customers seeking home financing.
• PSD OnlineBanking Online banking platform allowing customers to manage accounts, deposits, and contracts digitally. Available 24/7 for private customers.
• PSD Banking-App Mobile banking application providing full digital banking access via smartphone, including Wero instant payments. Used by private customers for on-the-go banking.
• Wero Instant payment function within the PSD Banking-App enabling users to send money quickly, split amounts, or pay online using phone number or email address. Targeted at private customers.
• PSD Mitgliedschaft Cooperative membership offering customers various benefits as members of the PSD Bank, including participation in the cooperative's governance and member-oriented conditions.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor.

• R+V VersicherungminorOthersR+V Versicherung is a partner for insurance products. Contracts with R+V Versicherung can be revoked directly through the R+V website using their online revocation form. The partnership allows PSD Bank customers to access insurance products through the bank's platforms.
• TeamBankminorOthersTeamBank is a lending partner providing credit solutions. Their partnership enables PSD Bank to offer consumer credit products to customers. Contract revocation for TeamBank products must be processed directly through TeamBank's platform.
• Union InvestmentminorOthersUnion Investment provides investment fund products and services. PSD Bank customers can access Union Investment products through the bank. Revocation of Union Investment contracts is handled directly through Union Investment's website.
• Bausparkasse Schwäbisch HallminorStrategic or Co-development PartnerBausparkasse Schwäbisch Hall is Germany's largest building society. The partnership allows PSD Bank to offer building savings products (Bausparen) for home modernization and financing purposes. The bank advises customers on these products as part of their comprehensive real estate and home financing services.

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Sparda-Bank: Larger nationwide network of cooperative direct banks in Germany; competes with PSD on cooperative ethos and direct-banking convenience but has substantially greater brand reach and member base.
• DKB (Deutsche Kreditbank): Major German direct bank with retail and business banking offerings, overlapping with PSD on online current accounts, savings products, and real estate financing at national scale.
• ING-DiBa: Germany's largest direct bank and the dominant scale competitor in online retail banking; competes head-to-head with PSD GiroSmart and PSD BauGeld for digital-first and mortgage customers.

Direct peers

• PSD Bank München: PSD Bank serving the Munich/Bavaria region with the same cooperative direct-bank model, digital platform, and partner ecosystem (R+V, TeamBank, Union Investment, Schwäbisch Hall).
• PSD Bank Rhein-Ruhr: Regional PSD Bank in the Rhein-Ruhr area operating the same direct-plus-advisory cooperative model and shared product/platform infrastructure.
• PSD Bank Nürnberg: Another regional PSD Bank operating under the same national PSD cooperative direct bank brand in Germany; offers near-identical product suite (GiroSmart, BauGeld, OnlineBanking, Wero) to a different regional catchment, making it the closest structural comparable.
• PSD Bank Hamburg: Hamburg-region PSD Bank with matching cooperative direct-bank positioning, customer segments, and product range.
• PSD Bank Berlin-Brandenburg: Sister PSD Bank covering the Berlin-Brandenburg region with the identical cooperative direct-bank proposition, product catalog, and partner stack.
• PSD Bank West: Western Germany PSD Bank serving North Rhine-Westphalia and surrounding areas with the same eG cooperative structure and shared partner ecosystem.

Regional players

• Volksbank Braunschweig: Local cooperative bank serving the same Braunschweig/Lower Saxony catchment; overlaps on cooperative positioning and product breadth but operates a traditional branch-based model rather than PSD's direct-bank format.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/PSDBankBraunschweig
• Facebookfacebook.com/psdbraunschweig
• LinkedInlinkedin.com/company/psd-bank-braunschweig-eg
• Instagraminstagram.com/psd_bank_braunschweig

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PSD Bank Braunschweig